Brokerages Set Utz Brands, Inc. (NYSE:UTZ) Target Price at $15.64

by · The Cerbat Gem

Shares of Utz Brands, Inc. (NYSE:UTZ – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $15.6429.

Several research analysts have recently weighed in on UTZ shares. UBS Group cut their price objective on shares of Utz Brands from $13.50 to $11.50 and set a “neutral” rating on the stock in a report on Friday, October 31st. Mizuho set a $16.00 price target on shares of Utz Brands in a research report on Monday, November 3rd. Weiss Ratings reiterated a “sell (d)” rating on shares of Utz Brands in a report on Thursday. Barclays reissued an “overweight” rating and set a $14.00 price objective on shares of Utz Brands in a research note on Friday, October 31st. Finally, TD Cowen cut their target price on Utz Brands from $14.00 to $12.00 and set a “hold” rating on the stock in a research report on Friday, October 31st.

View Our Latest Stock Report on Utz Brands

Utz Brands Price Performance

UTZ stock opened at $10.02 on Friday. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 143.07, a price-to-earnings-growth ratio of 1.41 and a beta of 1.00. The company has a quick ratio of 0.80, a current ratio of 1.22 and a debt-to-equity ratio of 0.62. Utz Brands has a 52-week low of $9.77 and a 52-week high of $17.78. The stock’s fifty day simple moving average is $11.85 and its 200-day simple moving average is $12.72.

Utz Brands (NYSE:UTZ – Get Free Report) last released its earnings results on Thursday, October 30th. The company reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. Utz Brands had a return on equity of 8.12% and a net margin of 0.39%.The firm had revenue of $377.80 million for the quarter, compared to the consensus estimate of $374.25 million. During the same period in the prior year, the business posted $0.21 earnings per share. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. Utz Brands has set its FY 2025 guidance at 0.824-0.847 EPS. Equities research analysts expect that Utz Brands will post 0.85 EPS for the current year.

Utz Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Monday, September 15th were issued a $0.061 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Monday, September 15th. Utz Brands’s dividend payout ratio (DPR) is 342.86%.

Insider Transactions at Utz Brands

In other Utz Brands news, Director Christina Choi sold 5,703 shares of Utz Brands stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $13.63, for a total transaction of $77,731.89. Following the transaction, the director directly owned 33,710 shares of the company’s stock, valued at $459,467.30. The trade was a 14.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Dylan Lissette acquired 31,750 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was acquired at an average cost of $10.58 per share, with a total value of $335,915.00. Following the transaction, the director directly owned 145,783 shares of the company’s stock, valued at approximately $1,542,384.14. This represents a 27.84% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders acquired 63,293 shares of company stock valued at $663,204. 16.32% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Utz Brands

Hedge funds and other institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC acquired a new stake in Utz Brands in the 2nd quarter valued at $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Utz Brands in the first quarter valued at about $32,000. Aster Capital Management DIFC Ltd grew its stake in shares of Utz Brands by 194.8% in the third quarter. Aster Capital Management DIFC Ltd now owns 2,618 shares of the company’s stock valued at $32,000 after buying an additional 1,730 shares in the last quarter. Osaic Holdings Inc. raised its holdings in shares of Utz Brands by 76.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,756 shares of the company’s stock valued at $47,000 after buying an additional 1,623 shares during the period. Finally, Harbor Investment Advisory LLC lifted its position in Utz Brands by 37.6% during the 2nd quarter. Harbor Investment Advisory LLC now owns 5,481 shares of the company’s stock worth $69,000 after acquiring an additional 1,497 shares in the last quarter. Institutional investors and hedge funds own 95.97% of the company’s stock.

About Utz Brands

(Get Free Report)

Utz Brands, Inc engages in manufacture, marketing, and distribution of snack foods. It offers a range of salty snacks, including salty snacks, including potato chips, tortilla chips, pretzels, cheese snacks, pork skins, veggie snacks, pub/party mixes, tortilla chips, salsa and dips, ready-to-eat popcorn, and other snacks under the Utz, Zapp’s, ON THE BORDER, Golden Flake, Boulder Canyon, Hawaiian, TORTIYAHS!, etc.

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